AltaGas completes C$460 million equity financing including full exercise of over-allotment option
On November 7, 2025, AltaGas Ltd. ("AltaGas") announced the closing of its previously announced bought deal offering of 11,615,000 common shares of AltaGas, including 1,515,000 common shares issued through the exercise of the over-allotment option by the underwriters. The offering was completed at C$39.65 per common share for total gross proceeds of approximately C$460 million.
The public offering was conducted through a syndicate of underwriters led by CIBC Capital Markets, TD Securities Inc., RBC Capital Markets and Scotiabank. As highlighted within AltaGas' November 3, 2025, press release, the public offering was done in conjunction with AltaGas electing to retain its ownership in the Mountain Valley Pipeline as a long-term investment.
Net proceeds of the public offering will be used by AltaGas to reduce leverage and to fund future growth.
Further information can be found on GlobeNewswire’s website.
AltaGas is a leading North American infrastructure company that connects customers and markets to affordable and reliable sources of energy, and operates a diversified, lower-risk, high-growth energy infrastructure business that is focused on delivering stable and growing value for its stakeholders.